L2ECO

Economics Level 2

Course Description

Teacher in Charge: Mr B. Choromanski

The issues that result from market forces are the scope of study at this level. Students explore the economic issues of employment, trade, growth, inflation and inequality. They learn to define and measure these issues as well as understand their causes and possible effects. Government policies are examined as well as the independent nature of the economy by examining the impact on various groups.

General
1. Analyse inflation using economic concepts and models.
2. Analyse international trade using economic concepts and models.
3. Analyse economic growth using economic concepts and models.
4. Analyse unemployment using economic concepts and models.
5. Analyse statistical data relating to two contemporary economic issues.
6. Analyse how government policies and contemporary economic issues interact.

This level of study is organised into Five major Topics.
Theme 1 The Conceptual basis of Economics
You will develop an understanding of Inflation, Trade, Growth, unemployment and Government Policies. You will also be able to describe and provide explanation the causes and effects of the above topics on various economic issues, analysing, comparing and contrasting their impact on issues and various groups in society. Integrating changes shown in economic models into explanations.
Theme 2 Processing
You will learn how to process, present and analyse statistical data in relation to two contemporary economic issues.
Theme 3 Economic Models
You will learn to provide detailed explanation with the use of economic models like-AS / AD, PPF, Circular Flow and Business Cycle various economic issues.
Theme 4 Analyse unemployment using economic concepts and models.
Theme 5 Analyse interdependent nature of the economy
You will learn how to analyse, interpret and evaluate the interdependent nature of the economy by examining the impact of government policies on contemporary economic issues


Recommended Prior Learning

Achievement of: 15 Credits NCEA Level 1 in Economics or English

Pathway

Credit Information

Total Credits Available: 22 credits.
Externally Assessed Credits: 8 credits.
Internally Assessed Credits: 14 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91222 v2
NZQA Info
Economics 2.1 - Analyse inflation using economic concepts and models
Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 4w
Numeracy Credits: 0
A.S. 91224 v2
NZQA Info
Economics 2.3 - Analyse economic growth using economic concepts and models
Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 4w
Numeracy Credits: 0
A.S. 91225 v2
NZQA Info
Economics 2.4 - Analyse unemployment using economic concepts and models
Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 4r
Numeracy Credits: 0
A.S. 91226 v2
NZQA Info
Economics 2.5 - Analyse statistical data relating to two contemporary economic issues
Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91227 v2
NZQA Info
Economics 2.6 - Analyse how government policies and contemporary economic issues interact
Level: 2
Internal or External: Internal
Credits: 6
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 6r
Numeracy Credits: 0
Credit Summary
Total Credits: 22
Total Level 1 Literacy Credits: 22
Total University Entrance Literacy Credits: 18
TotalNumeracy Credits: 4

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